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Follow the Crypto

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Re: Follow the Crypto

#91

Post by wslh »

acdha wrote: post #58
mike_d wrote: post #37

Earlier quoted context omitted.

The fact that it is a Molly White project means take it with a basketball sized grain of salt. She has deeply held beliefs and keeps cherry picking until the data supports them. I'm not sure the data supports crypto spending more than other industries in lobbying, I think they are just doing it via a single PAC rather than spinning up dozens of targeted PACs for each race.

> She has deeply held beliefs and keeps cherry picking until the data supports them. That’s a big claim, but it’s presented without evidence. Do you have any examples? On that note: > I'm not sure the data supports crypto spending more than other industries in lobbying What data are you using to support this belief? Do you have additional data that she left out? That would be a good way to support the allegation of c…

> That’s a big claim, but it’s presented without evidence. Do you have any examples?

I am not OP but yes, I sent some information to her via their different contact mediums and she never got back, she is not responsive and could have at least said: "I am not interested".

Re: Follow the Crypto

#92

Post by dvt »

noch wrote: post #90
dvt wrote: post #88

Earlier quoted context omitted.

> wrong about the facts Okay, what are the facts here? That crypto firms and VCs are lobbying politicians for favorable legislation? Um, okay. Everyone from farmers to auto-makers to tech companies do that. It's an absolute nothingburger. Are the facts that there's over $200M injected in our political system by crypto firms? Um, okay. This doesn't even move the needle when compared to the billions injected by a class…

> At worst, this is misdirection […] This is a political statement you're making. I get it: You want to assert that her work is about something else, and maybe Molly White wants it to be about something else as well. But that has nothing to do with the dataset. When I look at that website I'm just looking at charts with numbers and breakdowns of those numbers. Sharing data is never "misdirection". It's just data. The…

> Sharing data is never "misdirection".

I'm not sure why you're being disingenuous here, it's clear as day she's not just "sharing data" (whereas Open Secrets, where the data is sourced from anyway, actually is). I mean, the title of the webpage is literally Follow the Crypto, but yeah, I'm sure no statement is being made here, it's totally "just data" ;)

But more saliently, as I said prior, the data isn't even that interesting. Wow, a16z and Coinbase are lobbying DC in an attempt to curry favors because they invested hundreds of millions in crypto startups, big whoop. It totally misses the larger problem with the data (namely that Citizens United, in its current incarnation, is a total disaster for democracy; crypto lobbying is a footnote).

Re: Follow the Crypto

#93

Post by robbyiq999 »

The government is a well intended representative of the people. The government has a solution to money and currency already. The government makes choices on monetary policy with the best interest of the citizenry in mind. Crypto is not good. The government is good.

Re: Follow the Crypto

#94

Post by acdha »

wslh wrote: post #91
acdha wrote: post #58

Earlier quoted context omitted.

> She has deeply held beliefs and keeps cherry picking until the data supports them. That’s a big claim, but it’s presented without evidence. Do you have any examples? On that note: > I'm not sure the data supports crypto spending more than other industries in lobbying What data are you using to support this belief? Do you have additional data that she left out? That would be a good way to support the allegation of c…

> That’s a big claim, but it’s presented without evidence. Do you have any examples? I am not OP but yes, I sent some information to her via their different contact mediums and she never got back, she is not responsive and could have at least said: "I am not interested".

Have you shared that anywhere else? If she’s cherry-picking, it shouldn’t be hard to find examples.

Re: Follow the Crypto

#95

Post by acdha »

dvt wrote: post #87
acdha wrote: post #86

Earlier quoted context omitted.

Okay, you don’t like her. Cool, nobody’s required to but that’s a feeling, not data, and the accusation I responded to was a specific claim of dishonesty of the sort which, if true, could easily be supported by logic and evidence, not just emotion.

> Okay, you don’t like her. Wait what? I think she's doing a great job exposing crypto grifts/scams/hacks/etc. and I check her web3 feed at least once a week, but she does have a persona to uphold. Why would I pretend she's some platonic ideal of objectivity? For reasons mentioned, I do think this SuperPAC stuff is a bit reaching, but that's neither here nor there.

The claim that she is cherry picking data is quantifiable, not just a subjective assessment. If that’s true, especially given the public records available, it should be possible to back the claim up with examples.

Re: Follow the Crypto

#96

Post by noch »

dvt wrote: post #92
noch wrote: post #90

Earlier quoted context omitted.

> At worst, this is misdirection […] This is a political statement you're making. I get it: You want to assert that her work is about something else, and maybe Molly White wants it to be about something else as well. But that has nothing to do with the dataset. When I look at that website I'm just looking at charts with numbers and breakdowns of those numbers. Sharing data is never "misdirection". It's just data. The…

> Sharing data is never "misdirection". I'm not sure why you're being disingenuous here, it's clear as day she's not just "sharing data" (whereas Open Secrets, where the data is sourced from anyway, actually is ). I mean, the title of the webpage is literally Follow the Crypto , but yeah, I'm sure no statement is being made here, it's totally "just data" ;) But more saliently, as I said prior, the data isn't even tha…

> I'm not sure why you're being disingenuous here

Thanks. Smh.

Re: Follow the Crypto

#97

Post by not2b »

Ferret7446 wrote: post #29
not2b wrote: post #16

Earlier quoted context omitted.

"stablecoin" is a misnomer. Perhaps they should be called temporarily stable coins, because they tend to fail under pressure. https://chainsec.io/failed-stablecoins/

As opposed to what currency that does not fail under pressure?

While some currencies from developing nations fail, it just doesn't happen with those from rich countries, because the country has the assets to intervene if there's trouble. With stablecoins, when things get bad it just dies and goes to nothing.

There are incidents where a national currency winds up getting devalued, like when Soros bet against the UK pound. But proportionately that's a small decrease in value, the pound didn't go to zero like failing stablecoins do.

Re: Follow the Crypto

#98

Post by zarzavat »

lern_too_spel wrote: post #71
zarzavat wrote: post #31

Earlier quoted context omitted.

Depends on your worldview doesn’t it? For me, having a transaction system that isn’t controlled by either my own government or corporate America is useful. If it’s not useful to you then you don’t have to use it.

The rest of the people in your country don't want it because if your money is stolen, there is no way to get it back. If it's detrimental to society, I will make laws against it. That's how government works.

It’s the same with cash isn’t it? Non-reversible payments are the rule not the exception. Even bank transfers are non-reversible in general.

Re: Follow the Crypto

#99

Post by RestlessMind »

Zanfa wrote: post #69
yieldcrv wrote: post #59

Earlier quoted context omitted.

Perhaps. HN also has stories of random software libraries and deep discussions of those. Whenever a mismanaged business in other sectors is discussed its only about that business, not the entire sector that business operates in. Whenever a devastating hack occurs directly on an end user, its a discussion of the browser and tools that can be improved to thwart it. Crypto sector has many libraries that power it too wit…

> HN also has stories of random software libraries and deep discussions of those. Whenever a mismanaged business in other sectors is discussed its only about that business, not the entire sector that business operates in. The major difference seems to be that there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime. And a lot of vague promises that typically turn out to be just more f…

> there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime

I am downvoting you for your purely BS hyperbole. FYI, here are a few examples of what's not fraud in crypto industry.

1. Bitcoin. There are 11 BTC ETFs approved by SEC.

2. Ethereum. Many ETH ETFs are on the way to be approved

3. Stablecoins. Circle foundation issues billions of USDC and is closely affiliated with wall street and USG

4. ZK technology (pure research in many premier universities)

Re: Follow the Crypto

#100

Post by RestlessMind »

robbyiq999 wrote: post #93

The government is a well intended representative of the people. The government has a solution to money and currency already. The government makes choices on monetary policy with the best interest of the citizenry in mind. Crypto is not good. The government is good.

> The government is a well intended representative of the people....The government is good.

Nazi Germany from 1933-1945? Fascist Italy until 1944? Venezuela today? USSR until 1991? North Korea today?

Did you not learn any history ever?

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